The Palatka daily news. (Palatka, Fla.) 1884-1888, 1887-05-20


Bid asked.
The sentiment on the street was decidedly
adverse To amy further advance in the stock
market, and, while there WAS no news of "A
character to affect the market unfavorabIy
free realizatiOns and sales fog short account,
aided by vigorous hammering by the bears
wherever soft spot WAS discovered, brought
about IA moderate reaction throughout the en-
tire list. London was a moderate buyer early
but operations by that interest had effect
upon the market Trading was extremely nc
tive for the Arst thirty minutes, and nearly
10000 shares changed hands in that time, but
later transactions became quiet, and general
heavy tone was impaired to dealings.
Western Union was the center of attraction
and displayed considerable strength early, al
though there were no new developments in the
stock until about o'clock, when the statement
was issued that the company would have no
part in the Baltimore and OHIO deal, but that
soii.iated- Itthen shaded on somewhat
the grangers, with the exception of 81. Paul.
Considerable attention was attracted by the
drop in Norfolk and Western Preferred, which
was attributed to manipulation by insiders.
The opening was irregular, most stocks show
ing slight advances. y drive was mode at the.
pressed by fractions, the decline being accom-
panied by extreme activity. a rally occurred
after that time, in which Western Union was
prominent but considerable irregularity was
developed and the market became duh. The
tone, however, was generally heavy until after
X O'Clock. when n fractional rally occurred In
the last hour the small decline was renewed
with force, and was only checked at the Close
which was fairly active but heavy at figures
which were at or near the lowest of the day.
Total sales 10000 shares
LONDON, MAY I9-COnsOIs IO3IG
Cotton
NEW York May I9-Green 4 Co.'S report
ton and another upward turn in values have
characterized the market for contracts TODAY
mental orders, and there WIS also covering on
Liverpool and local account, but the latter was
not extensive, and again seemed To demon
strate the narrow limit of the short interests. -
Afternoon repOrt-COttOn-Net receipts. - !:
gross. o5s. Futures closed firm sales g.
10 ~; August, 10 97lIO %: September, 10 $50
10 90; October, 10 l0GII November . ga
9a6; December, g}I9 81; January, 9sJlO.
Cotton firm sales, 1850; UpIands. IL: Or
leans. IL Sl6; net receipts, so; exports To
Great Britain, 500; TO France. -: to the
81. 5U.-
LIVERPOOL May 10, D. M Cotton
May, 5l-64. seller; May-June, D 5l-64, seller:
June-July, 5s-64, seller; July-August, 5 5a-64.
seller. August-September. 53-64, seller; Sep
tember-October, 1854. seller OctOber-No-
yember, 1884, seller; November December.
Jl64, value; September, 54-64. seller. Flu
lures closed quiet
General Markets.
CHICAGO, May I9--The temper of the crowd
was decidedly bearish at the opening of
"
break OF cent yesterday opened weak to-day
at sss4, at once sold down 10 Ss14- The crowd
with but few exceptions, sold freely. Some
support was found at size, and fifteen min
utes after the start June wheat had recovered
sassc- In their anxiety To break the market
the crowd speedily sold themselves short IL
was discovered. after the first excitement had
worn itself away, that the clique had pur-
chased large amounts of June wheat around
s.3sGBs1ls. and the crowd which, a few min
utes before, were reckless sellers were now
anxious buyers June nan uD from s. y To 81
as speedily as il had declined at the opening.
Before the edyance of the early morning WIS
stopped June wheat sold as high scssc, but
for the remainder of the session it was about
stationary at SS5tSsllc. trading being fairly
tive One of the features in the market in the
early morning was the announcement of a IA
freight rate on wheat from Minneapolis, which
rheapened the Minneapolis wheat delivered
here by two cents per bushel. When the clique,
however, took hold this feature was forgotten
announcements of seaboard clearances of
1900 bushels of wheat for yesterday WAS an
hid To the advance
Corn opened weak at Ds4cG4O7s for July and |
odd to ioi4c, Afterwards, in sympathy with ]